Millrose Properties, Inc. (NYSE:MRP) Director Buys $211,800.00 in Stock

Millrose Properties, Inc. (NYSE:MRP) Director Matthew B. Gorson acquired 7,500 shares of the stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $28.24 per share, for a total transaction of $211,800.00. Following the transaction, the director now owns 15,660 shares of the company’s stock, valued at approximately $442,238.40. This trade represents a 91.91% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Millrose Properties Stock Down 0.3%

MRP stock opened at $28.60 on Wednesday. The business’s fifty day moving average price is $25.13. Millrose Properties, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $28.90.

Millrose Properties (NYSE:MRP) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.39 EPS for the quarter. The business had revenue of $82.70 million for the quarter.

Millrose Properties Announces Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, April 4th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Millrose Properties from $28.00 to $31.50 and gave the company a “buy” rating in a research report on Thursday, May 15th. Citigroup started coverage on Millrose Properties in a research note on Monday, April 14th. They issued a “buy” rating and a $30.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MRP. CENTRAL TRUST Co bought a new stake in Millrose Properties during the 1st quarter valued at $27,000. Fifth Third Bancorp purchased a new position in shares of Millrose Properties in the first quarter valued at $114,000. Yousif Capital Management LLC purchased a new position in shares of Millrose Properties in the first quarter valued at $1,190,000. GAMMA Investing LLC bought a new stake in shares of Millrose Properties during the 1st quarter valued at $1,784,000. Finally, Handelsbanken Fonder AB purchased a new stake in Millrose Properties during the 1st quarter worth about $1,433,000.

About Millrose Properties

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.